Markets

Has American Water Works Company (AWK) Outpaced Other Utilities Stocks This Year?

Investors focused on the Utilities space have likely heard of American Water Works Company (AWK), but is the stock performing well in comparison to the rest of its sector peers? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.

American Water Works Company is one of 111 companies in the Utilities group. The Utilities group currently sits at #14 within the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.

The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. AWK is currently sporting a Zacks Rank of #2 (Buy).

The Zacks Consensus Estimate for AWK's full-year earnings has moved 0.05% higher within the past quarter. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.

Our latest available data shows that AWK has returned about 25.78% since the start of the calendar year. In comparison, Utilities companies have returned an average of -8.50%. This means that American Water Works Company is outperforming the sector as a whole this year.

Looking more specifically, AWK belongs to the Utility - Water Supply industry, which includes 12 individual stocks and currently sits at #85 in the Zacks Industry Rank. On average, this group has lost an average of 1.74% so far this year, meaning that AWK is performing better in terms of year-to-date returns.

Going forward, investors interested in Utilities stocks should continue to pay close attention to AWK as it looks to continue its solid performance.


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
American Water Works Company, Inc. (AWK): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Zacks

    Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

    Learn More